USDCAD Daily Analysis – June 21, 2017 Forex Analysis

USDCAD continued its sideways movement in a trading range between 1.3164 and 1.3308. Near term resistance is at 1.3308, as long as this level holds, the downtrend could be expected to continue and next target would be at 1.3050 area. The key resistance is at 1.3350, only a break above this level could signal completion … Continue reading "USDCAD Daily Analysis – June 21, 2017"

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USDJPY Daily Analysis – June 21, 2017 Forex Analysis

USDJPY’s rise from 108.81 extended to as high as 111.78. Further rise is still possible after a minor consolidation and next target would be at 113.00 area. Key support is at 110.64, only a breakdown below this level could signal completion of the uptrend.

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AUDUSD Daily Analysis – June 21, 2017 Forex Analysis

AUDUSD remains in the uptrend from 0.7371, the pullback from 0.7635 is likely consolidation of the uptrend. Key support is at 0.7519, as long as this level holds, the uptrend could be expected to resume and further rise towards 0.7700 is still possible after the consolidation. Only a breakdown below 0.7519 support could signal completion … Continue reading "AUDUSD Daily Analysis – June 21, 2017"

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GBPUSD Daily Analysis – June 21, 2017 Forex Analysis

GBPUSD broke below 1.2634 support, indicating that the downtrend from 1.3047 has resumed. Further decline could be expected over the next several days and next target would be at 1.2500 area. Near term resistance is at the bearish trend line on its 4-hour chart, as long as the pair is below the trend line, the … Continue reading "GBPUSD Daily Analysis – June 21, 2017"

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EURUSD Daily Analysis – June 21, 2017 Forex Analysis

EURUSD is facing 1.1109 support once again, a breakdown below this level could take price to the key support level at 1.1070. Below this level will confirm that that the uptrend from 1.0569 (Apr 10 low) had completed at 1.1295 already, then the following downward movement could bring price into 1.0800 zone. On the upside, … Continue reading "EURUSD Daily Analysis – June 21, 2017"

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